We are licenced and regulated by the FCA in the UK and the NBB in the EU – two trusted financial authorities that also regulate Wise. We therefore have to meet the expected high standards both authorities require from us, especially in terms of KYC&AML.
When you change an entire sector, it is always met with a lot of scepticism at first. But 99% is nothing but the truth, especially since Wise and Revolut increased their prices for biz transfers. Check out our Wise comparison we created to demonstrate the difference: https://atlantic.money/wise
Further, we are profitable on every transfer with Atlantic Money. Our whole infrastructure is built on a different concept, which is why Wise and Co. also cannot offer transfers for the same price without losing it all.
To give you a proof of our work: We transferred £160m ($200m) in our first year for private users, 16x what Wise sent back then.
Thank you for the feedback, much appreciated and will be considered!
Please note that our web app is in the making. So soon this won't be an issue anymore.
To prevent our users to "get caught up in some KYC nightmare" we – in contrast to Wise and Revolut – only allow your transfer after we checked and approved your documents. This minimises the risk of holding your money.
When you change an entire sector, it is always met with a lot of scepticism at first. But 99% is nothing but the truth, especially since Wise and Revolut increased their prices for biz transfers. Check out our Wise comparison we created to demonstrate the difference: https://atlantic.money/wise
Further, we are profitable with Atlantic Money on every transfer. Our whole infrastructure is built on a different concept, which is why Wise and Co. also cannot offer transfers for the same price without losing it all.
To give you a proof of our work: We transferred £160m ($200m) in our first year for private users, 16x what Wise sent back then.
We sure do! We're actively working on our EU license and that will enable inbound EUR payments for UK residents, plus EU residents will be able to use the service. We can't wait to expand further.
I can't change my old profile name, but I have added some context in my "About".